THIS COURSE EXPLAINS THE TRANSFORMATION OF ISLAMIC FINANCE TO BE THE ONE OF THE MOST VIABLE AND EFFICIENT ALTERNATIVE MODELS OF FINANCIAL INTERMEDIATION. THIS COURSE ALSO HIGHLIGHTS TYPES OF CHALLENGES FACED SUCH AS LACK OF STANDARD FINANCIAL PRODUCTS, REGULATORY DISPARITIES AMONG REGULATORS AT THE NATIONAL LEVEL AND THE NEED FOR HARMONISED REGULATION ACROSS THE GLOBE. THIS COURSE ALSO EXPOSES THE STUDENTS TO SEVERAL IMPROVEMENT PLANS SO THAT THE STUDENTS COULD APPRECIATE THE DEVELOPMENT IN CONTEMPORARY ISLAMIC BANKING AND FINANCE SECTORS.